About the Project

The central idea of the project is to foster the research capacities of Latin American Higher Education Institutions (HEIs) in the field of development macroeconomics through the help of some world leading experts working with the European universities of the consortium. 

Emphasis will be given on building macroeconomic models to evaluate the potential impact of macroeconomic policies for justice, sustainable development and inclusive growth, in line with the Sustainable Development Goals adopted by the international community. 

Sustainability is to be understood as social, financial and environmental. After severe world crisis of 2007-2009, economists worldwide recognized the importance of macroeconomic modelling to define the development trajectory of any given economy and its social, financial and environmental features. The so-called Stock-Flow models have proven to be the more palatable alternative emerging. 

With economic modelling and forecasting being increasingly requested for sustainable development and policy making, MAJIG intends to respond to the necessity to shape a figure able to address today’s policy and market needs promptly. The project will be pivotal for the effective upskilling and reskilling of competences, according to today’s job market’s needs and requests, boosting employability and response to development challenges.

The general objectives of the project are the followings:

🔶 Fostering the research and teaching capabilities of Latin American universities in the field of applied macroeconomic models, with strong emphasis on SFC macro-modelling.

🔶Favouring the cooperation between Latin American academic and non-academic institutions (Ministries, research centers, think-tank, etc.).

🔶Favouring the creation of sustainable research units in this field through:

🔸The involvement of young researchers.

🔸The preparation of «deliverable products» to be used after the completion of the Project.

The specific objectives of the project are the followings:

🔶Realizing a structured set of training activities.

🔶Building 5 SFC maquette models aimed at designing and simulating macroeconomic policies for sustainable development .

🔶Creating in each Latin American university in the consortium a research unit on Macroeconomics for Development in charge of managing and using, for both research and pedagogical purposes, the above mentioned models.

🔶Strenghtening the capacities of Latin American universities belonging to the consortium to support not only policymakers in their choices, but also local civil society organizations, think tanks and entrepreneurial associations  willing to be an active part of the democratic debate on different possible macroeconomic options.

The project will be implemented by means of a two-level methodology:

1) Informal level: strengthening of a network among the project staff in European and Latin American partner Higher Education Institutions (HEIs) based on mutual exchange of successful experiences, best practices and lessons learnt from past activities, transfer of technology and knowledge between EU-LA and LA-LA. 

2) Structured level: definition of a work plan of 6 work packages (WPs), which are logically sequenced and interrelated.  Indeed, the 6 WPs are articulated with a clear definition of tasks, times and responsibilities, and aim at the cooperative achievement of the expected results of the project. Each WP has one partner who is responsible for the coordination and supervision of all the activities and tasks, as well as their appropriate articulation with the rest of the WP. 

Project Title: Macroeconomics for Justice and Inclusive Growth

Project Acronym: MAJIG

Call for Application: ERASMUS-EDU-2022-CBHE

Grant Allotted: € 581.670,00 

Project Implementation Period: 01/02/2023 - 31/01/2026

Partners:

🔸Università degli Studi di Pavia (IT) - Coordinator

🔸Università degli Studi di Cassino e del Lazio Meridionale (IT) - Beneficiary

🔸Aalborg University (DK) - Beneficiary

🔸Universidad de Cartagena (CO) - Beneficiary

🔸Universidad de La Salle (CO) - Beneficiary

🔸Universidad Nacional de Colombia (CO) - Beneficiary

🔸Universidad Mayor de San Andrés (BO) - Beneficiary

🔸Universidad Mayor de San Simon (BO) - Beneficiary